U.S. stocks started a shortened holiday week mostly higher as investors look for more clues into how President Donald Trump’s tariff plans shake out and wait for release on Wednesday of minutes from the last Federal Reserve meeting. Markets were closed on Monday for President’s Day. Stocks are coming off a winning week, carving out…
On Friday’s episode of The Excerpt podcast: President Donald Trump made another major move on tariffs Thursday. USA TODAY World Affairs Correspondent Kim Hjelmgaard takes a look at the impact from President Trump’s executive order to freeze spending, pending a review, at the U.S. Agency for International Development. RFK Jr. was sworn in Thursday as Secretary of Health and…
U.S. stocks were mostly unchanged at the open as investors weighed hot inflation reports earlier in the week, the postponement of reciprocal tariffs and this morning’s weak retail sales report. Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to the Commerce Department. Retail sales slipped 0.9% in January…
U.S. stocks edged up at the open, trying to shake off renewed inflation concerns and expectations for President Donald Trump to announce reciprocal tariffs on Thursday. Overall wholesale inflation, or a measure of prices businesses pay for goods and services, rose more than expected in January, but the core rate without energy and food was…
U.S. stocks began the day weaker as investors awaited testimony from Federal Reserve Chairman Jerome Powell before the Senate Banking Committtee and what comes next in President Donald Trump’s tariff plans. In his first Congressional appearance since President Donald Trump’s inauguration, Powell is expected to address questions about the role tariffs may have on inflation…
President Donald Trump said he will introduce 25% tariffs on all steel and aluminum imports on Monday in an ongoing escalation of a trade war with trading partners including the U.S.’s closest neighbors. Trump made the announcement while speaking to reporters on Air Force One on his way to Super Bowl 2025 in New Orleans…
WASHINGTON – President Donald Trump voiced his trust in Elon Musk to root out federal waste, turning his attention next to the departments of Education and Defense, in an exclusive interview with Fox News before the Super Bowl. Trump told reporters during his flight to the game that he would order 25% tariffs on steel…
Southfield — Oakland County Democrats called the paused Canadian and Mexican tariffs a “direct threat on Michigan’s economy” Saturday as they voiced their concerns about their potential impact on the state and country. Former U.S. Rep Brenda Lawrence, who now chairs the Oakland County Democratic Party, spoke to a crowd of Democrats Saturday at the…
President Donald Trump delayed ending the trade loophole that allows low-value packages to arrive duty-free from China on Friday, meaning the products can continue to enter the U.S. without tariffs—for now. The move is the latest in a series of tariff announcements and delays this week. Earlier this week, Trump’s executive orders for tariffs on…
The head of Simon Property Group — which owns Rockaway Townsquare in Morris County near Route 80 and The Shops at Riverside off Route 4 in Hackensack — downplayed the impact of President Donald Trump’s new tariffs against China on the real estate giant’s operations, though he admitted that some costs may get passed on…